Healthcare Finance: Modern Financial Analysis for Accelerating Biomedical Innovation

Healthcare Finance is an introductory finance textbook for the healthcare industry that provides financial tools and concepts for creating the next generation of healthcare technologies. It covers theory and application of financial techniques such as diversification, discounted cash flow analysis, real options, Monte Carlo simulation, and securitization, and demonstrates that more efficient funding structures can reduce financial risks, lower the cost of capital, and bring more lifesaving therapies to patients faster.

Format: Hardback
Length: 424 pages
Publication date: 10 January 2023
Publisher: Princeton University Press

In the realm of biomedical innovation, we find ourselves amidst a remarkable era of progress, yet entrepreneurs face significant challenges when seeking funding for their biotech start-ups. This is particularly true in the so-called Valley of Death, a critical stage where ventures often struggle to secure the necessary capital to bring their breakthrough therapies to market. Fortunately, in Healthcare Finance, Andrew Lo and Shomesh Chaudhuri offer a valuable guide for navigating these treacherous waters.

This comprehensive textbook is designed to serve as an essential resource for MBA and life sciences students, as well as biopharma executives and healthcare investment professionals. It delves into the theory and application of financial techniques, including diversification, discounted cash flow analysis, real options, Monte Carlo simulation, and securitization, all within the context of managing biomedical assets. By presenting these tools and concepts, the book aims to empower readers with the knowledge and skills necessary to reshape the healthcare industry in positive and impactful ways.

One of the key insights of Healthcare Finance is that more efficient funding structures can significantly reduce financial risks, lower the cost of capital, and expedite the delivery of life-saving therapies to patients. The authors demonstrate how innovative financing strategies can unlock the potential of the biopharma industry, fostering collaboration, driving innovation, and ultimately improving patient outcomes.

Through real-world examples, case studies, and practical applications, the book provides readers with a deep understanding of the financial landscape and the challenges faced by healthcare organizations. It offers accessible explanations for making informed business decisions in the life sciences, helping individuals and organizations navigate the complex terrain of healthcare finance with confidence and expertise.

Moreover, Healthcare Finance goes beyond theoretical discussions by incorporating access to a wealth of online content. This includes videos of lectures and recitations, interactive figures, self-graded problem sets, and other resources that enhance the learning experience and facilitate a deeper grasp of the subject matter. Whether you are a student, professional, or simply interested in understanding the financial implications of healthcare, this textbook is an invaluable resource that will provide you with the background, framework, and techniques needed to thrive in this dynamic field.

In conclusion, Healthcare Finance is a groundbreaking textbook that offers a fresh perspective on financing breakthrough therapies in the healthcare industry. By presenting innovative financial tools and concepts, the book empowers readers to reshape the industry and drive positive change. Whether you are a student, professional, or healthcare enthusiast, this comprehensive resource is a must-read for anyone seeking to navigate the complexities of healthcare finance and make a meaningful impact on patient lives.

Dimension: 254 x 178 (mm)
ISBN-13: 9780691183824